Signature Global makes strong debut as shares lists 15% higher than IPO price
Signature Global made a strong debt on the stock market, with shares listed at a premium of over 15 per cent over its IPO price.
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Signature Global made a strong debt on the stock market, with shares listed at a premium of over 15 per cent over its IPO price.
Signature Global's public issue opened for subscription on September 20 and closed on September 22.
Signatureglobal India IPO subscribed 2.65 times on day 3, so far. Retail portion subscribed 4.18 times, NII portion 5.81 times, QIB portion 65%.
Signature Global's ;public offer comprises fresh issuance of shares worth Rs 603 crore and an offer-for-sale (OFS) of Rs 127 crore.
The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore, according to the draft red herring prospectus (DRHP) filed on Tuesday.